Get Instant Personal Loan Online - Buddy Loan

1
How to Get Instant Personal Loan for Salaried
Employees?
2
A instant personal loan can give you a financial
boost in your tough times. Whether you are a
salaried person or self-employed, at certain
times you may confront financial crunches. To
save yourself from unwanted and uninvited
emergencies, nothing can be better than opting
for a loan. Yes, a quick easy personal loan at
a reasonable interest rate could be the solution
to all your monetary problems. Being a salaried
employee, it can be easier to get the loan
approved showing the income proof, but when it
comes to a self-employed individual, people
believe that it can be difficult to get a loan
sanctioned. This is not the truth as a
self-employed person can easily avail a loan from
a trusted lender/bank after submitting the
necessary documents and fulfilling all the
formalities. Read on to know more about the
process of applying for an instant personal loan.

3

• Personal Loan with
  Documents or Income Proof
• Having proof of income makes the process of loan
  approval easier. Lenders are willing to give
  loans to salaried employed individuals who have
  their documents ready. Check out the personal
  loan eligibility criteria, required documents,
  and other things to get an instant personal loan.
  
• Eligibility Criteria
• The borrower should be a resident of India
  between the age 18 - 65 years
• The annual turnover or profit has to be 1 lakh or
  as per the requirement of the lender
• The borrower has to be in the same business for
  at least 3 years or more

4

• Documents Required
• Proof of age - Birth certificate/passport/PAN
  card
• Proof of ID - Voter ID/Passport/Aadhar/PAN
• Photographs
• Proof of residence - passport/utility bill
• Last 3 months bank statement
• Proof of income - Latest income tax return, the
  balance sheet of last 2 years, profit/loss
  certificate
• Check with the lender if you need to submit any
  other documents.

5
Rate of Interest (ROI) The rate of interest
depends on various factors including the
relationship between the lender and borrower,
credit history, and many more. After submitting
the documents, the lender will determine the ROI.
If your company has got a huge turn over then
chances are there of getting a lower interest
rate. It's always recommended before you apply
for a loan, compare the interest rates offered by
different lenders and select the best one. Buddy
Loan, Indias top loan aggregator offers a loan
at lower interest starting at 11.99 p.a.
6
Instant Personal Loan Without Income Proof If you
are self-employed and do not have any proof of
income, then based on collateral, you can get a
loan. This type of loan is called secured
personal loans and can avail lower interest rates
if the borrower has a better relationship with
the lender. Another great way to get a personal
loan as a salaried employee with no proof of
income is to ask family members or friends to
co-sign the loan application and if the person
has a good credit score, then it will be easier
to get approved.
7
Wrapping Up! You dont have to worry about
getting a quick loan when you are salaried
employee. Right from paying debt, traveling to a
dream destination to renovating the home, a
personal loan comes in handy to fulfill all your
needs in the best way. Check out the norms today
and according to the convenience, apply for a
loan at Buddy Loan!